545 Rainier Blvd N - Loft/Creative Space FOR SALE


Issaquah, WA 98027
$3,400,000 USD
425-450-1105
545 Rainier Blvd N, Issaquah, WA for Sale
$3,400,000 USD
Loft/Creative Space - FOR SALE
1/16
null | 6.12% Cap Rate

545 Rainier Blvd N
Issaquah, WA 98027


HIGHLIGHTS

  • Excellent for a growing owner/user
  • Good opportunity to push rents and add value
  • New roof in 2023
  • Flexibility with current tenants
  • Consistent waitlist for new vacancies

OVERVIEW

Great opportunity for a growing owner/user that wants to generate income as they grow into the building. Rents are well below market at $28.90/SF, Gross, meaning an investor can add value by raising rents. Flexibility on leases without any long term encumbrances in place. Well maintained with new roof in 2023.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Heron Creek Executive Suites

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CBD

APN/PARCEL ID

282406-9030

ASK ABOUT THIS PROPERTY

Aaron KraftKidder MathewsMore Info
425-450-1105

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Aaron KraftKidder MathewsMore Info
425-450-1105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.